By Andrei Skvarsky.
Stockholm-headquartered EQT Private Equity and Abu Dhabi sovereign investment company Mubadala have clinched a deal to acquire Envirotainer, a provider of temperature-controlled containers for the air transport of biopharmaceuticals.
The price that EQT Private Equity, a division of global investment group EQT, and Mubadala have agreed to pay the sellers, British private equity firm Cinven and Danish co-investor Novo Holdings, has been set at about 2.8bn euros, according to statements from the buyers and sellers.
EQT and Mubadala describe the buyout deal as “part of their broader strategic partnership”.
Envirotainer designs, manufactures and leases temperature-controlled containers primarily for air transport. It says it has a fleet of about 6,700 containers globally,about 375 employees in some 20 countries, and more than 600 customers worldwide.
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